South State Corp (SSB)
South State Corporation is the banking holding company for South State Bank offering a range of banking products and services. The company is headquartered in Winter Haven, Florida.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is decreasing.
- The decline rate of the primary trend is 2.51% per annum.
- SSB price at the close of July 25, 2024 was $97.29 and was higher than the top border of the primary price channel by $15.46 (18.90%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 27.57% per annum.
- SSB price at the close of July 25, 2024 was inside the secondary price channel.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of SSB price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: January 6, 2021
End date: November 30, 2023
a = 4.3702
b = -0.0001
s = 0.0808
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0001) – 1
= -2.51%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0808) – 1
= 38.15%
January 6, 2021 calculations
Top border of price channel:
Exp(Y365)
= Exp(a + b × X365 + 2 × s)
= Exp(a + b × 530 + 2 × s)
= Exp(4.3702 + -0.0001 × 530 + 2 × 0.0808)
= Exp(4.4949)
= $89.56
Bottom border of price channel:
Exp(Y365)
= Exp(a + b × X365 – 2 × s)
= Exp(a + b × 530 – 2 × s)
= Exp(4.3702 + -0.0001 × 530 – 2 × 0.0808)
= Exp(4.1717)
= $64.83
November 30, 2023 calculations
Top border of price channel:
Exp(Y1,095)
= Exp(a + b × X1,095 + 2 × s)
= Exp(a + b × 1,588 + 2 × s)
= Exp(4.3702 + -0.0001 × 1,588 + 2 × 0.0808)
= Exp(4.4212)
= $83.20
Bottom border of price channel:
Exp(Y1,095)
= Exp(a + b × X1,095 – 2 × s)
= Exp(a + b × 1,588 – 2 × s)
= Exp(4.3702 + -0.0001 × 1,588 – 2 × 0.0808)
= Exp(4.0980)
= $60.22
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 2.51% per annum.
- SSB price at the close of July 25, 2024 was $97.29 and was higher than the top border of the primary price channel by $15.46 (18.90%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: March 30, 2023
End date: May 22, 2024
a = 3.2516
b = 0.0007
s = 0.0604
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0007) – 1
= 27.57%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0604) – 1
= 27.33%
March 30, 2023 calculations
Top border of price channel:
Exp(Y926)
= Exp(a + b × X926 + 2 × s)
= Exp(a + b × 1,343 + 2 × s)
= Exp(3.2516 + 0.0007 × 1,343 + 2 × 0.0604)
= Exp(4.2684)
= $71.41
Bottom border of price channel:
Exp(Y926)
= Exp(a + b × X926 – 2 × s)
= Exp(a + b × 1,343 – 2 × s)
= Exp(3.2516 + 0.0007 × 1,343 – 2 × 0.0604)
= Exp(4.0268)
= $56.08
May 22, 2024 calculations
Top border of price channel:
Exp(Y1,214)
= Exp(a + b × X1,214 + 2 × s)
= Exp(a + b × 1,762 + 2 × s)
= Exp(3.2516 + 0.0007 × 1,762 + 2 × 0.0604)
= Exp(4.5479)
= $94.44
Bottom border of price channel:
Exp(Y1,214)
= Exp(a + b × X1,214 – 2 × s)
= Exp(a + b × 1,762 – 2 × s)
= Exp(3.2516 + 0.0007 × 1,762 – 2 × 0.0604)
= Exp(4.3063)
= $74.17
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 27.57% per annum.
- SSB price at the close of July 25, 2024 was inside the secondary price channel.